Credit Review Manager

Overview

We are seeking a Credit Review Manager to lead the credit evaluation and monitoring function within our organization. This role involves assessing customers' creditworthiness, managing credit exposures, identifying potential risks, and ensuring adherence to company credit policies and risk appetite. The manager will provide timely credit-related insights and recommendations to support risk management and business decision-making.

Key Responsibilities

• Lead the credit review process for customer accounts, ensuring compliance with approved policies, procedures, and risk tolerance.
• Conduct thorough assessments of customer financial standing, payment history, credit exposures, and overall credit health.
• Evaluate credit facilities, limits, and terms; recommend actions based on risk evaluations.
• Detect credit weaknesses, exceptions, and emerging risks, escalating them promptly to relevant parties.
• Ensure credit assessments are objective, consistent, and completed within established timelines.
• Monitor compliance with credit governance, delegated authorities, and approval policies.
• Advocate and implement risk mitigation tactics for customers exhibiting elevated credit risk or declining financial metrics.
• Maintain oversight on credit risk trends and exposures, reporting critical issues to senior management.
• Enhance credit review methods, internal controls, and processes continuously.
• Manage accurate credit data, documentation, and records to support decision-making and regulatory compliance.
• Prepare and present periodic credit reports highlighting exposures, trends, exceptions, and recommended actions.
• Collaborate with business units, finance, collections, risk, and other stakeholders for comprehensive credit review information.
• Communicate findings and risk concerns clearly to stakeholders and management for informed action.
• Ensure follow-up and resolution of credit risks and exceptions in a timely manner.

Leadership and Operational Excellence

• Recruit, develop, and retain top talent, cultivating a strong second line of management.
• Identify underperformers and provide guidance for improvement or make necessary personnel decisions.
• Promote fairness and equality among subordinates, focusing on performance-based assessments leading to goal achievement.
• Maintain delegation of authority matrices in line with company policies.
• Take full ownership of operational responsibilities and deliverables.
• Proactively anticipate challenges and implement preventive measures.
• Make timely and appropriate decisions to ensure smooth operations.
• Achieve targeted results efficiently, delivering quality outputs within cost and time parameters.
• Exceed business expectations by making a tangible impact in the area of responsibility.
• Translate corporate goals into actionable business plans, monitor progress, and initiate corrective actions when needed.
• Control budgets and expenses to optimize cost efficiency.
• Develop organizational structure and job descriptions aligned with business and future plans.
• Establish well-defined systems, policies, and procedures, seeking opportunities for automation and digital solutions.
• Promote usage and cultural acceptance of automated systems and IT tools relevant to the role.
• Champion quality as a core competitive advantage and adapt to evolving technologies, management styles, and business models.
• Ensure a secure, legal, and safe work environment, compliant with applicable regulations.

Academic Qualifications and Experience

Applicants should hold a Bachelor's Degree in Accounting, Finance, or a related discipline, accompanied by 6 to 10 years of relevant work experience.

Technical Competencies

• Consolidated cost accounting
• Financial and compliance reporting
• Cost control and variance analysis

About the Company

Alfanar is a prominent Saudi organization with a broad international footprint, specializing in manufacturing and trading electrical products across voltage ranges, alongside solutions in conventional and renewable energy, oil and gas, water treatment, infrastructure, technical services, and digital services. The company's main manufacturing hub is a state-of-the-art complex in Riyadh housing advanced facilities and laboratories staffed by skilled professionals. Alfanar attributes its achievements to its dedication to quality standards and continuous development of its workforce, fostering a proactive environment where employees are valued and empowered.